White Mountains Insurance Group (FRA:WNI) EBIT: €1,121 Mil (TTM As of Mar. 2026)

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FRA:WNI White Mountains Insurance Group Ltd FRA:WNI
75 GF Score
Price €1,900.00
GF Value €2,043.46
! 3 Warning Signs
View Full Analysis

What is White Mountains Insurance Group EBIT?

White Mountains Insurance Group FRA:WNI +2.70% 75 EBIT is €1,121 Mil as of Mar. 2026. GuruFocus rates FRA:WNI with a GF Score™ of 75/100 and a GF Value™ of €2,043.46. The stock has 3 warning signs investors should review.

White Mountains Insurance Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,121 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. White Mountains Insurance Group's annualized ROC % for the quarter that ended in Mar. 2026 was -0.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. White Mountains Insurance Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.31%.


White Mountains Insurance Group  (FRA:WNI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

White Mountains Insurance Group's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-21.452 * ( 1 - 0% )/( (10070.2096 + 10702.03085)/ 2 )
=-21.452/10386.120225
=-0.21 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=10509.751 - 313.845 - ( 157.905 - 5% * 644.172 )
=10070.2096

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=11391.098 - 593.909 - ( 117.553 - 5% * 447.897 )
=10702.03085

Note: The EBIT data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

White Mountains Insurance Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1121.408/6125.981
=18.31 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


White Mountains Insurance Group EBIT Related Terms


White Mountains Insurance Group EBIT Historical Data

* Premium members only.

The historical data trend for White Mountains Insurance Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

White Mountains Insurance Group EBIT Chart

White Mountains Insurance Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -223.99 -102.99 575.97 360.51 1,201.66

White Mountains Insurance Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.44 169.15 169.29 788.33 -5.36

FRA:WNI vs RLI, SIGI, LMND: EBIT Comparison

For the Insurance - Property & Casualty subindustry, White Mountains Insurance Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


White Mountains Insurance Group EV-to-EBIT vs Insurance Industry

For the Insurance industry and Financial Services sector, White Mountains Insurance Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where White Mountains Insurance Group's EV-to-EBIT falls into.


FRA:WNI
75GF Score
White Mountains Insurance Group Ltd FRA:WNI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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White Mountains Insurance Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,121 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €1,121 Mil mean?
White Mountains Insurance Group (FRA:WNI) has a EBIT of €1,121 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on White Mountains Insurance Group.
Is White Mountains Insurance Group's EBIT too high?
White Mountains Insurance Group's current EBIT is €1,121 Mil. Overall, White Mountains Insurance Group has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does White Mountains Insurance Group's EBIT compare to RLI and SIGI?
White Mountains Insurance Group's EBIT of €1,121 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Insurance company?
A good EBIT depends on the Insurance industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on White Mountains Insurance Group. White Mountains Insurance Group's current EBIT is €1,121 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is White Mountains Insurance Group stock overvalued right now?
White Mountains Insurance Group (FRA:WNI) has a current EBIT of €1,121 Mil. The stock's GF Value™ is €2,043.46, compared to a current price of €1,900.00 — trading 7% below its estimated fair value. The current EBIT is €1,121 Mil. White Mountains Insurance Group's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For White Mountains Insurance Group (FRA:WNI), the current EBIT is €1,121 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is White Mountains Insurance Group (FRA:WNI) Overvalued in 2026?

Based on GuruFocus' analysis, White Mountains Insurance Group stock appears to be undervalued. The current stock price of €1,900.00 is trading 7% below its estimated GF Value™ of €2,043.46.

Key valuation signals for FRA:WNI:

  • EBIT: €1,121 Mil
  • GF Value™: €2,043.46 vs. price of €1,900.00 (7% below fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the FRA:WNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


White Mountains Insurance Group Business Description

Other Exchanges WTM:USA
Address 23 South Main Street, Suite 3B, Hanover, NH, USA, 03755-2053
White Mountains Insurance Group Ltd is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services, and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets. The company conducts its business in five areas: property and casualty insurance and reinsurance, municipal bond reinsurance, capital solutions for asset and wealth management firms, property and casualty insurance distribution, and other operations. The company has four reportable segments: Ark/WM Outrigger, HG Global, Kudu and Distinguished.
75GF Score

Get the complete analysis for FRA:WNI

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1,900.00
Price
€2,043.46
GF Value